A prudent thing to do with your holding is work out the risk and...

A prudent thing to do with your holding is work out the risk and reward and put in some risk management and mitigation for either way
don't get whipped up with the bargain, opportunistic bid mania stuff.

The question you need to ask is
Can I afford and happy to take a hit if WES walk away?
What is the possibility WES come back with better offer?
What is the probability of another player join the race?
What if WES walks and Malaysian license fall into a heap?

it not always blue sky you need prudent risk management and buy/sell accordingly and safe guard your gain and minimise the loss etc..

good to debate and voices your opinion about the bid but be prudent and managing your risk with your holding